135 eyed for USD/JPY | Forexlive

Westpac expects USD/JPY to rise, highlighting the divergence in monetary policy. The WPAC, however, warns against verbal intervention by the Japanese Ministry of Finance:

  • As the Fed prepares to execute a series of 50bp moves and launch an aggressive QT program next week, it’s hard to imagine we’ve seen the highs in USD/JPY, and a Sustained trade above 130 appears only a matter of time.
  • We should argue that a move to 135 is not out of the realm of possibility, although we would of course expect to see the defended upper barriers and comments from the MoF as factors that could slow the pace.

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Goldman Sachs says the yen will fall further, with or without BOJ intervention


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